Shares of Great Plains Energy Inc (GXP) Sees Large Inflow of Net Money Flow

Great Plains Energy Inc (GXP) : Investors lapped up stocks on upticks to the tune of $15.28 million in the Tuesdays trading session. The trading value on downticks was comparatively at $4.9 million and the uptick to downtick ratio of 3.12 indicates continuous buying by the bulls. The net money flow into the stock was $10.37 million. The block trades were dominated by the bulls with a healthy 19.48, uptick to downtick ratio. Only $0.6 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $11.66 clearly indicating buying by large investors. The total money flow for block trades stood at $11.06 million, which is a positive for the stock in the long-term. Great Plains Energy Inc (GXP) fell $0.5 during the day at $30.72, a drop of -1.6% over the previous days close. However, for the week, the stock is -1.54%, compared to the previous week.


The company Insiders own 0.46% of Great Plains Energy Inc shares according to the proxy statements. Institutional Investors own 79.29% of Great Plains Energy Inc shares. During last six month period, the net percent change held by insiders has seen a change of -7.35%. In an insider trading activity, The Securities and Exchange Commission has divulged that Deggendorf Michael, officer (SVP) of Great Plains Energy Inc, had unloaded 9,000 shares at an average price of $30.91 in a transaction dated on March 11, 2016. The total value of the transaction was worth $278,190.

Great Plains Energy Incorporated has dropped 0.65% in the last five trading days, however, the shares have posted positive gains of 2.3% in the last 4 weeks. Great Plains Energy Incorporated has dropped 2.38% during the last 3-month period . Year-to-Date the stock performance stands at 14.48%.

Great Plains Energy Inc (NYSE:GXP): On Tuesdays trading session , Opening price of the stock was $31.03 with an intraday high of $31.13. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $30.69. However, the stock managed to close at $30.72, a loss of 1.60% for the day. On the previous day, the stock had closed at $31.22. The total traded volume of the day was 1,655,737 shares.

Great Plains Energy Incorporated (Great Plains Energy) is a public utility holding company. The Company does not own or operate any assets other than the stock of its subsidiaries. The Companys wholly owned direct subsidiaries with operations include Kansas City Power & Light Company (KCP&L) and KCP&L Greater Missouri Operations Company (GMO). KCP&L is an integrated, regulated electric utility that provides electricity to customers primarily in the states of Missouri and Kansas. KCP&L has one active wholly owned subsidiary, Kansas City Power & Light Receivables Company (KCP&L Receivables Company). GMO is an integrated, regulated electric utility that provides electricity to customers in the state of Missouri. GMO also provides regulated steam service to certain customers in the St. Joseph, Missouri area. GMO has two active wholly owned subsidiaries, GMO Receivables Company and MPS Merchant Services, Inc. (MPS Merchant).

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